Halister News

(Bloomberg) -- Gross domestic product seen at +2.6% in 3Q vs +1.4% in 2Q (forecast range +1.3% to +3.6%); data track value of all goods and services produced in U.S.

• “Consumers will dominate the growth landscape in the second half of the year, albeit less vigorously than previously anticipated, while a delayed inventory replenishment will also temper the rebound”: Bloomberg Intelligence
• Employment Cost Index seen rising 0.6% in 3Q, same as 2Q (forecast range +0.5% to 0.7%). Tracks direct costs, i.e, wages, bonuses; indirect costs, i.e. medical benefits, training